Waertsilae recently inaugurated its new engine factory in Guangdong Province, China. The factory, known as Yuchai Engine Co, is a joint venture between Waertsilae and Yuchai Marine Power. The new factory covers a total area of 266,700m~2 and will be used for the assembly and testing of medium speed engines in the 20, 26 and 32 series. It is expected to be in full production before the end of 2016. Waertsilae says that the joint venture will strengthen its competitiveness in the Asian markets and increase its focus on the offshore and special segments in China. "As China is the world's major supplier of newbuild ships, the Chinese market plays a central role in Waertsilae's global growth strategy. By inaugurating another Waertsilae joint venture in China, we not only demonstrate our strong commitment to this important market, but also take another significant step towards enhancing our presence in the region. Strengthening our local production capacity is an important part of this strategy. Through this partnership with Yuchai, China's leading high-speed engine manufacturer and market leader, we are convinced we can serve our customers in China in the best possible way and further reinforce our market leadership position for medium-speed engines," said Waertsilae Corporation CEO Bjoern Rosengren.
展开▼
